Roche to keep cash pile for maximum flexibility

(Reuters) - He added it was not as easy for Roche to raise money in the
capital markets as for some rivals, given its share structure.




Boosted by strong revenues from its portfolio of cancer
treatments, Roche had net cash of 15.6 billion Swiss francs at the end of June.


Read more at Reuters.com Mergers News

Dollar down broadly on US financial sector woes

(Reuters) - The dollar fell broadly and the yen and Swiss franc rallied on Monday as concerns about U.S. housing market woes spilling into the wider economy dented risk appetite and led investors to buy low yielding currencies.

Concerns about the U.S. subprime mortgage market -- amplified in recent week by trouble at two Bear Stearns-managed hedge funds -- have dented investors' appetite for risk.


Read more at Reuters Africa

Swiss franc surges but carry trades hit yen

(Reuters) - The Swiss franc surged on Friday on renewed speculation the Swiss National Bank will push official interest rates higher, sparking some concern that central banks may be trying to disrupt yield-seeking carry trades.

But investors hungry for higher returns continued to punish the low-yielding yen, sending it to a four-and-a-half-year low against the dollar and a record trough against the euro.


Read more at Reuters Africa

Credit Mutuel arm eyes stake in bank Baer -paper

(Reuters) - UBS, Pasche and CIC, which is owned by French mutual bank
Credit Mutuel, all declined to comment on the report.




UBS, the world's fifth-largest bank, said it would either
sell its stake, valued at around 4 billion Swiss francs , to a single buyer or dispose of it in the market and
that it would use the proceeds to buy back its own shares.


Read more at Reuters.com Mergers News

Dollar Reaches Highest in Three Months on View Fed Won't Cut Rates in 2007

(Bloomberg) -- The dollar rose to the highest level
in almost three months against the yen and advanced versus the
euro as signs of a strengthening economy prompted traders to cut
bets the Federal Reserve will lower borrowing costs this year.

The U.S. currency also gained this week against the pound,
Swiss franc and currencies in Australia and New Zealand on the
data, which showed advances in consumer confidence, industrial
production and employment. The yen dropped as low interest rates
spurred investors to buy higher-yielding assets funded by loans
in Japan, known as carry trades.


Read more at Bloomberg Currencies News